202222 Mar

ECommerce Tech Company Saara Inc Raises Seed Funding from 021 Capital

Summary

Fremont, California - March 21, 2022 - Saara Inc, a California-based eCommerce technology company, has raised seed funding led by 021 Capital and witnessed additional participation from 9Unicorns and Lets Venture.The funds will be utilized by Saara to expand its geographic footprint globally, provide a one-stop solution to online brands for all their returns and exchange-related requirements, product development, and acquire global talent to add to its leadership roles.Saara is an AI-powered solution that helps eCommerce businesses become economically and environmentally more sustainable by reducing and automating product returns. With this capital from our investors, Saara will continue to assist direct-to-consumer brands to increase their profitability, introduce more market-disrupting products to build a stronger ecosystem," said Sachin Garg, Saara CEO and Founder. "This is the perfect time to partner with our investors, as we have a proven business model and our clients in the eCommerce sector are using our solution extensively to reduce and automate returns for their brands," he further added.Headquartered in the US with its technical base in Indias IT capital, Bengaluru - Saara is trusted by leading brands such as PVH, Mango, Flipkart, Wanderlooms, etc, and is additionally backed by Techstars, SAP.io, Plug&Play, and more such leaders in the industry.EcoReturns - one of Saaras star products - is an end-to-end returns management software that not just manages returns, but reduces them too.While most eCommerce business owners complain of high returns as a major concern, it also has a detrimental impact on the environment. Data shows an item returned triggers emissions similar to burning 250 kgs of coal. Garg built EcoReturns, with a vision to reduce the carbon footprint caused by returns while turning them into a profit center for businesses.It has prevented returns worth $500,000 in the last 4 months thus strengthening the ecosystem further.For more information, visitEcoReturns is free to install by merchants on the Shopify App Store and is soon going to launch on multiple other platforms such as Magento, WooCommerce, and more.Fremont, CaliforniaEmail - marketing@saara.ioSaara is an AI-powered returns reduction and automation company that helps eCommerce businesses reduce and automate product returns in an ecofriendly way.

Source: Openpr

Funding

$0
Amount
Mar 22 2022
Date
-
Investor
Saara
Company

Classifications

Companies